On 24 January 2020, the European Parliament published an updated version of the procedure file for the proposed Regulation on the establishment of a framework to facilitate sustainable investment (known as the ‘Taxonomy Regulation’).

The procedure file states that, on 16 January 2020, there was approval in committee of the text of the Taxonomy Regulation, which was agreed on 19 December 2019. In terms of next steps, the Council of the EU is expected to adopt the final compromise agreement on the text at first reading and the European Parliament will adopt it in plenary at the second reading.